USDT Arbitrage | Income Tax Returns | CA in Mumbai | Chartered Accountant | ITR Filing | Recover Money Crypto Scam

 

 

CA Mitesh and Associates - Chartered Accountants Mumbai

 

Cryptocurrency Tax and Accounting Services. We clarify crypto taxation doubts to those who currently trade and hold cryptocurrency.

Pig Butchering Crypto Scam via WhatsApp & Telegram

This latest crypto scam has earned its name due to its well-orchestrated and highly interactive nature, designed to lure victims into investing more funds before being financially exploited. The "Pig Butchering Crypto Scam" has people scratching their heads because the cryptocurrency exchange is asking them…

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Pitfalls of P2P trading

It has been reported by a number of clients that Indian authorities have taken action to freeze their bank accounts due to their involvement in P2P trading. This post is to inform you about the potential risks associated with engaging in P2P transactions. Crypto P2P…

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Accounting for Cryptocurrencies

Numerous challenges arise in the practical work of chartered accountants, often due to lack of specific accounting standards to address them. Cryptocurrencies, such as Bitcoin, serve as a notable illustration of this dilemma. Given the absence of dedicated accounting guidelines for cryptocurrencies, accountants find themselves…

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Indian Man Recovers $43,000 lost in Crypto Scam

Finally a good news on Crypto Scams front - Indian Man Recovers $43,000 lost in Crypto Scam A mobile store proprietor in Maharashtra's Thane district, who had fallen victim to a cryptocurrency scam losing Rs 36 lakh (US$43,953) over a year ago, has successfully reclaimed…

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ITR Filing - Do Not claim fake deductions

During this season on ITR Filing, one must be careful and not claim any fake deductions. In this age of digital era, with Income Tax Department equipped with a robust IT infrastructure and AI/ML tools, the ability to detect fraudulent deductions has become very easy.

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Ten Things to do before 31st March 2023 India

Today we will discuss the Ten Things to do before 31st March 2023 India for Tax Saving and Compliance. This is applicable for both Individuals and Businesses. Investing in order to save on taxes is always a wise decision. There are various types of investments…

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UK adds Crypto Declaration in Tax Forms 2023

UK adds Crypto Declaration in Tax Forms 2023 and this was recently announced by Chancellor of the Exchequer Jeremy Hunt in the annual budget on 15th March 2023. The UK government will be introducing modifications to the Self Assessment tax return forms that will require…

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USD Coin (USDC) plummets to all-time low

USD Coin (USDC) plummets to all-time low after Circle reveals $3.3bn reserves held at collapsed Silicon Valley Bank. Should you be worried about it? Do you use USDC for crypto arbitrages? On Saturday, the value of USD Coin (USDC), the world's fifth-largest cryptocurrency, reached an…

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Crypto brought under Anti-Money Laundering Law in India 2023

Yesterday, Government issued a notification wherein Crypto was brought under Anti-Money Laundering Law in India 2023. The Indian government extended the scope of the Prevention of Money Laundering Act (PMLA) to include digital assets, including cryptocurrencies, fiat currencies, virtual digital assets, and other related financial…

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Risks of Crypto Investing 2023

Crypto investing in 2023 remains risky due to market volatility, uncertain regulation, and the ongoing threat of cyberattacks and scams. As with any investment, thorough research and caution are essential before making any decisions. Cryptocurrencies are highly volatile, meaning their value can fluctuate rapidly and…

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